Jefferies analyst Charles Brennan upgraded Bytes Technology (BYITY) to Buy from Hold with a 380 GBp price target The company’s annual general meeting statement was “undeniably weak”, but the growth slowdown should be temporary and the fundamental health of Microsoft (MSFT) should underpin a future recovery for Bytes, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- $1.16 Billion Flows into Quantum in Q2 2025 as Big Tech and Investors Up Their Game
- CD Projekt’s ‘Cyberpunk 2077’ coming to Mac on July 17
- Microsoft greenlights ‘Fallout 5’ game, GameSpot reports
- AI Daily: Google, OpenAI awarded DoD contracts with $200M ceiling
- Game On: U.S. game spending in May grew 1%, says Circana